A new gas distributing hub will be built in the Turkish territory at the border with Greece, and it will replace the South Stream project

MOSCOW, December 18. /TASS/. Organization of a new European gas hub at the border between Turkey and Greece depends on European counterparts, Russia’s President Vladimir Putin told an annual news conference on Thursday.

“To a big extent, this depends on the European counterparts. Whether they would like to have stable, absolutely guaranteed, risk free energy supplies from Russia, which they need. Good, if yet, we shall be working, and via Greece we may reach Macedonia, and further Serbia, and then to go again to Baumgartner in Austria. If they are not interested, we shall not do so,” he said.

“There are no supplies, nor will there be any in near future, cheaper and more reliable than those from Russia,” he said.

A new gas distributing hub will be built in the Turkish territory at the border with Greece. It will replace the South Stream project, which was terminated due to the EU’s opposition. Under the new project, Turkey may become a major intermediary supplying the Russian natural gas. The construction will make it possible to have nil risks related to transit of the Russian gas via Ukraine, Gazprom’s CEO Alexey Miller said.